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Softer housing conditions expected in 2018

National house prices fell in December, dragged down by weakness in Sydney's housing market, and have set the scene for softer housing conditions in 2018, new figures show.

The national median house price index fell 0.3 per cent in December while home value growth slowed in 2017, rising 4.2 per cent compared to 5.8 per cent in 2016 and 9.2 per cent in 2015, figures from property data group Corelogic show.

Head of research Tim Lawless says the transition towards weaker housing market conditions has been clear but gradual and expects tighter credit policies to drive softer conditions throughout 2018.

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